Barnes and Shirley Ltd - Filleted accounts

Registered number

12357731

Barnes and Shirley Ltd

Filleted Accounts

31 March 2025

Barnes and Shirley Ltd
Registered number:		12357731
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,098			1,213

Current assets
Debtors	4	75,123			68,061
Cash at bank and in hand		52,611			56,157
		127,734			124,218

Creditors: amounts falling due within one year	5	(52,653)			(56,606)

Net current assets			75,081			67,612

Total assets less current liabilities			77,179			68,825

Creditors: amounts falling due after more than one year	6		(8,858)			(18,173)



Net assets			68,321			50,652

Capital and reserves
Called up share capital			100			100
Profit and loss account			68,221			50,552

Shareholders' funds			68,321			50,652

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




John James Shirley
Director
Approved by the board on 18 September 2025

Barnes and Shirley Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	Straight line over 5 years
	Fixtures, fittings, tools and equipment	Straight line over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				3,447
	Additions				1,849
	At 31 March 2025				5,296

	Depreciation
	At 1 April 2024				2,234
	Charge for the year				964
	At 31 March 2025				3,198

	Net book value
	At 31 March 2025				2,098
	At 31 March 2024				1,213


4	Debtors		2025		2024
£				£

	Trade debtors		75,123		68,061

	Other debtors consist of directors loan account £6772.67 - which is paid back within 9 months and one from 31.03.2022

5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		6,666		6,666
	Taxation and social security costs		45,474		49,630
	Other creditors		513		310
			52,653		56,606


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		8,858		18,173


7	Other information

	Barnes and Shirley Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Church Street
	Crewkerne
	TA18 7HR